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The Growth of Food Delivery App Market
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Joined: 5/8/2020(UTC) Posts: 69 Location: London
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Now, why should one venture into developing a food delivery app? Let’s take a look at the market stats that can help us conclude, - The online food delivery market will surpass $400 billion by 2025.
- The online food delivery market is expected to grow at a CAGR of 31.76% between 2019 and 2024.
- According to Morgan Stanley, 65% of people prefer apps over phone calls while ordering food.
- It is to be noted that the market was $260 billion in 2017 and rose to $325 billion in 2020.
- Almost 60% of the restaurants have agreed that online platforms have boosted their sales substantially.
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Biznas
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Tech / Special Interest
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Automotive
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The Growth of Food Delivery App Market
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